S&P Settles Lower But Records Weekly Gain: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone
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The S&P 500 closed lower on Friday, despite a weekly gain, as investor sentiment improved but remained in the 'Greed' zone according to the CNN Money Fear and Greed index. The Dow rose 1.74% for the week, while the S&P 500 and Nasdaq gained 0.94% and 0.81%, respectively. UnitedHealth shares surged 12% after Berkshire Hathaway's investment, and Intel rose 3% amid potential government support. Retail sales increased by 0.5%, but consumer sentiment fell to 58.6, missing expectations. Most sectors declined, with financials and industrials suffering the most, while real estate and healthcare stocks gained.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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